1994 (7) TMI 79

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.... provisions of the Income-tax Act, 1961. The petitioner-firm is engaged in the manufacture and export of cashew kernels. For the assessment year 1986-87, the first respondent has passed exhibit P-1 assessment order. As against exhibit P-1, the petitioner-firm filed exhibit P-3 appeal before the second respondent. The petitioner has also filed an application for stay of collection of tax pending th....

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....r as this position is concerned, there is no dispute. Even in a case where the assessee has not filed an application under section 220(6), he can very well approach the appellate authority invoking the inherent jurisdiction for staying collection of tax pending the appeal. It is said that no order has been passed on exhibit P-6 application for stay. In view of the fact that exhibit P-5 notice has ....